Charles Bobrinskoy, portfolio manager at well-known value investor John Rogers'
Ariel Investments was on Bloomberg to discuss banks, U.S. banking industry, U.S. presidential election and his investment strategy.
-- Pretty bullish on U.S. banks and overall financial sector.
-- Not worried by recent lawsuit against JPMorgan (JPM
) by Attorney General as even if there is any fine it will be very small as compared to their revenues and profits for the year.
-- Mitt Romney win will be very positive for the financial sector and banks. Financial stocks will do very well.
Credit and source: www.bloomberg.com, Bloomberg
Here is the video:
About the author:I am an individual investor with deep interest in the field of value investing. My ideas and thinking is inspired by highly respected value investors like Ben Graham, Warren Buffett, Walter Schloss, Bill Ruane and Tweedy Browne